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NAB denies underpaying full-time workersBY KARREN VERGARA | WEDNESDAY, 26 MAY 2021 12:19PM
National Australia Bank is denying it underpaid full-time employees as part of its ongoing investigation into a payroll bungle, which to date has repaid $55 million.
Read more: NAB, FSU, National Australia Bank, Financial Sector Union, IOOF, MLC Wealth
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The Association of Financial Advisers has appointed a new chief executive to replace Phil Kewin who resigned earlier this year.
The Federal Court will force BT Funds Management and Asgard Capital Management to pay $1.5 million each for charging fees for no service and making misleading statements.
Among the changes announced this morning, AMP is putting an end to all Buyer of Last Resort arrangements at the end of the year and giving advisers the freedom to leave the network with their clients from 2022.
Weekly review of significant economic data, government and central bank action and pronouncements, and other market moving events.
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